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. but we have to wait and see happens next week. this congress is unpredictable. >> house defense chairman buck mccann, he wants $20 billion more, because defense gets killed in the sequestration. he has defense hawks that will vote against it if they don't get their $20 billion and that means john boehner doesn't have 218 votes. >> he may not have 218 votes, but look, any accommodation you make like that from -- to assist the defense is going to squeeze the other end of the balloon which is domestic. you are going to need votes in order to pass this. you have to get it through the senate. it is austan goolsbee, the former chief economic adviser to the president called the emerging deal not even a baby deal. he called it an embryonic stem cell sized deal, but we don't know for sure that this congress can get that done. >> i heard that too. and also, john, last up, there's a whole bunch of discussions about revenues going on which makes a lot of republicans unhappy. but co-pay for federal employee pension funds is one of the big sticking points. apparently over ten years worth $130 billion.
sea and south korea is expanding air defense zone and the boundarys there overlap a zone by china and the move is raising tensions in the region. >> reporter: the announcement may be about invisible lines in the air but extend over disputed areas of land and sea. this is what south korea calls yodo a rocky reef by the station and under the de facto control and they are claimed by beijing and seoul and south korea asserted rights in the air above. >> translator: the new korean air space defense identification zone has been modified to be in line with the country's flight information region which does not overlap with neighboring countries and includes air space over the waters. >> reporter: the move is two weeks after the surprise extension of the air defense zone encroaching on those of south korea and japan and extends deeper in the chinese one and also overlaps that of japan. the government won't impose the rules and wants film to identify themselves until december 15 allowing for consultation with neighbors. >> translator: we believe this will not necessarily impact our rel
and japan, south korea is expanding its air defense zone to include airspace over the east china sea. beijing and tokyo have already claimed that space as its own. it comes two weeks after it controlled the airspace over a string of islands that both japan and china claim as its own territory. >>> a multi-engine salute for actor paul walker. thousands of fans turned up at the california crash site where the "fast & furious" star lost his life. fans and friends alike showing up, driving high end performance vehicles in honor of the two men who were both car enthusiasts. >>> a bit of a k-9 crime streevenlth cato from south carolina got off his leash and headed straight to the dollar store. he got in not once, twice, soon after items were missing, conveniently pig ears, beef bones, dog treats. he took his lifted items and buried them monita. he greeted the officers which kess. >> is he going to serve jail time? >> i think he got a little private time to think about his crime in the dog house. >> right. >>> oh, will is chris dancing away. how beautiful. look at that tribute. >> reporter:
to diffuse attention. they announce an air defense zone, the u.s. saying a unilateral move that could lead to a wider conflict between these two economic power houses. biden will have to walk a tight rope in pressuring the chinese to dial back some of the rhetoric but also can't push too far. it's unlikely they'll go away from this zone, which they announced around two weeks ago. michaela? >> david, important meetings to be sure. thank you. the white house is prepared to negotiate a limited nuclear enrichment program for iran as long as the country holds up to its end of an international deal to curtail it's nuclear capabilities under rigorous global monitoring. the white house cautioned the program applies only to the nation's peaceful energy needs. the statement comes days after iranian president hassan rouhani announced to plan to go ahead with the program. >>> witnesses say a pair crashed into one another, about 300 feet up, collapsing their parachutes and sending them plummeting to the ground. a third skydiver was injured but there's no word about the exact type of injuries sustained.
security and spoke with chinese officials. tensions rose when china expanded the air defense zones to include the islands. both powers have a stake in preserving international security. >> china's recent announcement of the establishment of the air defense zone has caused significant apprehension management region. i was firm in my conversations with the president. >> a pact between the two powers is vital for the asian pacific. he's heading to see yes, the final stop on his far east trip. >> up to 5 billion cell phones are being tracked based on leaks from former n.s.a. contractors, and interviews with u.s. intelligence officials. >> the report said the n.s.a. can pin down the location of a cell phone and map out relationships from them. the spy agency say it does not target the whereabouts of phones in the u.s. the n.s.a. confirmed it gathers information about americans insidently. >> a scam was discovered by trust wave. militias viruses were sent to thousands of users. it tracked credential. users of facebook, yahoo twitter could be affected. 16,000 accounts were hacked that use
there's some room for some cuts in the defense budget. not too much unfortunately. we live in a very shaky neighborhood it's very detailed. in this god is in the details. >> the federal reserve is now saying that this is over and that's causing a great deal of volatility in the markets. how will that impact the israeli market? >> first, foremost, 26, 27% of these exports are to the united states so this is immediate. it's a good thing that we have this separated. i mean, 26% to the united states, 30 something to europe and the rest to the far east and the rest of the world which means we are balancing the way that one area of the world is in trouble or collapsing or the second 2008 is happening, we are better protected against this, but the united states is the biggest sister. whatever happens there influences us. of course, we were following bernanke's policies and we, like the rest of the world, felt he was doing the right things in order to restabilize and bring growth from the american economy. we are benefitting every time the united states economy is doing better. >> when you c
defense. what is the latest? >> these a lot -- these findings came out late on friday, facing trial in january, we know that he will not testify in this case and that he intends to assert his constitutional rights, but that he did produce a 40 pages of the main deposition with the sec in which he stated he made trades in shares of wyatt since acquired by pfizer based on advice from a friend and fellow hedge fund manager. they say that this bolsters the defense and he says he wants to prove that he had nothing to do with the decision to liquidate those holdings and short sale stocks in 2008, he faces 20 years of convicted. >> so, what is in the 40 pages? >> he told as a see back in may that his trades were based on advice from a friend. wives areinner, the friendly, "he considers wayne one of the great health care paystors and said he would him $20 million per year is a consultant. >> we mentioned this is one of two cases, but the steinberg case? thise third week of trial, could be the longest cross examination ever. it involves the government's star witness and former technology ana
went nuclear blowing up the rules over filibusters. on a defense spending bill before the holiday break in two weeks, it is not clear if republicans might turn to other procedural moves to try to slow down the democrats and getting some of the stuff through. >>> in the meantime, we could see a federal budget before the week is out. house and senate negotiators are set to close a budget deal the first in two years. . "the washington post" says it would roll back some of the cuts and take action to reduce the deficits. overall it may not be the grand bargain some were hoping for. negotiators have been trying to find common ground since october as part of the grooemted thagre end the government shutdown. >>> so south africa. the nation and the world gather to remember nelson mandela. sunday was a national day of prayer in south africa with millions paying their respects to the former president. the preparations are now under way for a memorial service that will bring dozens of world leaders, including president obama, to south africa starting today. robin kurnow is outside mandela's home t
has some spin. the documents are pretty clearly contradicting in a defense here. it appears to be clear that they are exchanging hiring for business. >> there kind of a gray area here. >> there has to be a quid pro quo. it is not that companies do not do this all the time. all companies are constantly hiring people to do internships. perhaps in the hope that they get business. there is no explicit tie between the two things. that is the gray area here. at this point, we do not know. otherwise, there would be prosecutions already. thisey said that we hired guy and got this amount of revenues. whether we want to believe them or not, they have offered a defense. they say that this was a post de facto spreadsheet. they did not get that much. >> go ahead. >> mike is right. it certainly is great. i did not say it was illegal. it appears to be illegal. there are a lot of facts that we do not know. companies do this throughout the world. the problem is, while it may be a competitive problem, the united states public policy established that u.s. companies are simply not going to be a
it will one leave apart. is expanding its air defenses zone, adding to regional tensions sparked by beijing similar move. korea's his own covers two islands and a submerged rock. discuss the issue when he visited seoul, beijing, and tokyo. north korea has now confirmed un'swall of kim jong uncle. he was seen closest to the camera. over the weekend, the shot was tighter. this is the second most powerful figure. charged with corruption, drug use, and other antistate acts. fog is forecast once again. conditions have been like this for nearly a week, prompting an orange alert for severe weather. it left her stranded on the side of the road. >> south africa will hold a memorial service for nelson mandela. at least 200,000 people are expected to attend. his body will then lie in state editorial until the middle of the week ahead of sunday's villa. specialrose has a program remembering nelsen mandela were his guests give us his memories and antidotes. >> what was interesting is that they really talked about his politics. people forget he loves ports and boxing. he's to practice boxing in his jail
. people are spending. thatere aeadthrough from , that you switch away from the defensive side of things and play this recovery story through buying cyclical? >> yes. -- global equities, yes, we believe in a cyclical stance. we believe that much of the year in 2014 is likely to be more about cyclicals. in china specifically, there are a number of other risks. we have a neutral view on china and that stems from the fact that there are places that look attractive but also a lack of catalysts. if you look at exports, let's put these in perspective. they beat expectations. consistente really with a tone that we have seen over the last few months, stability rather than acceleration in growth. what the markets are concerned about are the key risks that may come from the policy reform environment. many of the measures from the third plenum are positive. but they do raise some questions on soe's which ought to be part of the index. attractiveat valuation may be a reason to continue holding some chinese equities. what we are struggling to find is a catalyst to drive those up in a big way. the dat
more pressure on the market then you may want to move your allocation more defensively to the staple stock. >> all right, we'll have as to leave it here, jim, thank you very much for coming on the program. jim paulson. >>> and perhaps the concerns about the market, investors poured money into the equity funds. the data shows that more than $31 billion went into all equity mutual funds and insured traded stock funds, that is the sixth month in a row that the stock flow has out paced bond flows. >>> and investors are pouring money into the stocks, they are stingy about the black friday weekend. the national retafederation rep they spent less money than last year, over the four-day weekend it is estimated spending fell. the retailers are counting on on-line sales to significantly boost overall revenues. in fact, ebay was a strong standout. we got a look inside the amazon fulfillment center in arizona, for the expectations and logistics surrounding today. >> reporter: the holiday weekend shopping sprees are not over yet. the national retail federation says 131 million americans will shop
"worldwide exchange." >>> u.s. defense secretary has thrown his support behind the egyptian interim government's roadmap which came into effect with the toppling of mohammed morsi in july. he met with people over the weekend to discuss u.s./egyptian relations following a suspension of u.s. aid to the country a couple of months ago. hadley has been speaking with the egyptian finance minister as well and joins us from dubai. hi, hadley. >> hey, ross. it's interesting because the secretary of defense may have turned his support behind the interim government. that's yet to translate into the re-establishment of aid, for example, nor has it translated into any investment into egypt, at least in the last couple of months. you saw international investors skeptical of investing in egypt during the morsi government. there was a lot of skepticism an uncertainty. you still have that same kind of uncertainty with the interim government as well. where are they looking? they're looking elsewhere. they're looking to russia. lavrov was visiting russia. there were millions of dollars of investment d
. >> this is a test for us. >> reporter: the head of south africa's national defense force says the country is prepared for the challenge of equipping the dignitaries -- of keeping the dignitaries safe. >> we believe that probably a billion people will be watching how south africa will perform. >> reporter: south africans of all races and religious backgrounds saying prayers for the man credited with uniting a country once bitterly divided. and the singing rang loud here in the bay area at san francisco's memorial yesterday. several showed up to joyfully honor the anti-apartheid leader. >> this is the beginning of a series of events planned all week in south africa. it kicked off with yesterday's national day of prayer for the leader. reporting live. kpix 5. >>> time is 6:10. the severe weather could put a damper on the holidays. why it may take longer for presents to get under the tree. >>> and icy roads causing major problems. one huge pile that acceptability close to 50 people -- sent close to 50 people to the hospital. >>> frigid temperatures in the bay area. some numbers in the low 20s
australia is a aaa rated currency. so there are defensive sectors affecting the aussie. so the china affect is affecting in terms of trade side of on things. at the same time, you have flows supporting the aussie. so you have over the next few months debt coming into play and some interest in terms of flows into the aussie asset prices. so it may stay up around these levels, about 92, 93, unless we see major policy shifts going forward. >> let's talk about the yen. we're at six-month highs against the dollar. there's now talk that we might get another stimulus package out of japan. reuters is talking about this. what target have you got for dollar/yen? >> for the end of the your, we were initially targeting 105. towards 100, 105 towards the early part of next year. and end of the year, closer to the 105 levels. end of 2014 towards the 110 level. so if the policies of stimulus announcement comes out, i think the levels might start to sort of rise a bit earlier than expected. so essentially, the trajectory for dollar/yen is an upward trajectory. it's the target levels that need to be shifted.
are worried about the readiness of the defense budget i think if you cut this deal you will see it get through the finish line. it will just be bought till between the deal and the completion of those votes. dagen: please come back soon. be well. dagen: thank you. connell: 52% think they will scale back the bond buying program in 2014. nine out of 10 believe the purchases will slow next year, these numbers are according to the latest survey. with more, chief equity strategist. it is always good to see you. is the big market question. before we talk about where people should be putting their money and everything else, what is your take on feds tapering and the timing of it? >> sooner rather than later. the economic releases we have been receiving to include employment report last friday certainly point in the direction the one remaining element they could complain about his inflation is below the target, so that could cause a pause behind the december meeting. but they may even finish during the course of 2014, that would be great news. connell: we did the phrase of how everybody is data depend
. there is no generic competition to speak of but the reality is this is a very defensive business and a growing business much as a lot of other pharmaceutical companies are. people care for their pets like they are members of the family and they will spend on them and we believe this is a growth stock and we think we can do well with it. liz: in good times and bad. or call up 175% over the past year yet use still believe that this one has some glucose left in its blood. >> oracle is incredibly cheap. if you take a look at the valuations this is a stock that has -- liz: up tea of about 11. >> cash flows are enormous, balance sheet is foreseen as tremendous amounts of cash. you will see a significant push of return of capital to shareholders in coming years and it is still growing. this is a stock that trades with the multiple for a company that is not going on and that is not the case. they will have some success in the cloud and it will be a big catalyst. liz: a little bit of a dividend, 1.9% but what gets you excited about this? >> this is a utility stock but unlike your average utility don't
're talking about $90 billion, split evenly between domestic and defense cuts being relieved from the sequester offset by some revenue and entitlement cuts elsewhere. however, there's very little long-term deficit reduction in this deal. we're talking about putting off decisions about raising taxes or cutting medicare and social security. we also have a last-minute hangup over unemployment benefits, the extension of unemployment benefits. democrats want that, republicans say they're not that serious about it, it's not clear whether or not democrats are going to put their foot down and say no deal until then. what i think we know is that there will not be a deal today. house leadership aide told me he expects early next week a deal to be announced by patty murray, the democratic chair of the budget committee in the senate. paul ryan, the republican budget committee chair in the house. then the house and senate pass it before christmas. they leave next week actually for their christmas break. so they would end the year on a positive note. it would dramatically reduce the risk of a g
. republicans and some democrats including chuck hagel at the pentagon who don't like the level of defense spending the way it's squeezed by the budget sequester and it gets squeezed more in 2014 by the sequester proportionately than domestic programs do. that gives some impetus for republicans to go along. democrats are raising the caps by an equal amount on the domestic side of the budget. these are things, priorities the democrats have for social programs, republicans have for defense, which are getting relieved and stitching together solutions to fill in the gaps financially even at a little deficit reduction on top of that, things like raising the fees for airline companies pay for for airport security, that's on the revenue side and on the spending side, curbing federal retirement which some lawmakers don't like but it's a way to get some money. >> jon, thanks for the update. appreciate it very much. john harwood. ty, up to you. >> herbal life may be turning the tables on the hedge fund titan bill ackman. plus, this brings new meaning to the term ski out. how the middle class are get
to ease tensions over china's new air defenses on. we will be back as well with the opening bell. ♪ >> welcome back. it is 26 minutes after the hour. the latest on futures right before the bell today. we are seeing this rally. >> we are seeing a rally. it could be the end of five days in the s&p hundred. futures -- one percent. the better than expected november jobs report. 3000 in november. the unemployment rate falling to seven percent. we saw prices declining. as high as 2.93%. now at 2.78%. the dollar strengthened versus the yen. gold is currently down. fell initially and bounceback up a little bit and is off right now at 12:30. we are on the markets once again in 30 minutes. >> thank you. stock investors poised to respond to this morning's report. i want to bring in mohammed, the chief executive and co-cio at pimco, the near $2 trillion fund manager. also our economics editor, pouring through the report. mohammed, first off, we have had several guest and commentaries saying this report makes it a 50-50 chance the fed moves on this monetary policy month. are you in that sam
a real credibility issue that they are not addressing. publicly or privately. as a defense, usually the defense is twofold. one is structural. you raised her notices and tighten up or. one is to go after the guy who is attacking you. usually, he is incompetent. you do not vote display. there is no slate tebow. you're not allowing that to proceed. going out and bad mouthing him -- he compounded and it will be a long conversation. isn't it fair to say, good or bad, there is no one like bill lachman? his investors know his style. he is met with skepticism at the onset. look at what he did. do you think it is a huge shock to his investors? i would be the first to say, is this a trade or a crusade? it seems like a crusade, and that is risky. >> the investors know what they're getting into. einhorn --s, david they are up 20%. ackman will come in in low double digits. i do not know his december results. that is an underperformance. yes, he will expect to get some pressure. anthinks outside the box in area where everyone is in. >> what does that make you think, though? he is putting a massi
cyclical groups, the telecomes, health care, defensive groups. we're up right across the board, folks. it's been a very strong rally right at the open but not strong inform a mr. one guy said it threads the needle perfectly. people putting together a list of what the skmik news looks like this week. here's a look for the bulls, gdp numbers very strong overall. auto sales, over 16 million, the highest in six years here. october home sales were the highest since june 2008. highest in manufacturing, highest in two and a half years and cyber sales were up 20% on monday. >> we talked about the lower, disappointing numbers this week. earlier home sales reports were disappointing. retail reports have been generally disappointing this week. it's not unequivocal. if you throw in a budget deal, you can make the argument that the more defensive names have been the lagard group so far on the month. the market is suggesting there is that this rily is so strong at the hope that there's not a lot of ep side room right now. and you trickle down throughout the day and end up only 20 points. i'm not saying
back on the table and we start the defensive plays and europe has a couple of bad numbers as well and we're opening up on the defensive and nonpayroll on friday. and the only good news i have for you, the fed will be back in and infusing the market with 4 billion again today and that's proven over history to be supportive of stocks and see if that can stop the slide. stuart: you've forgotten something, people have made an awful lot of money on the stock market and they're taking some of the money off the table. >> that's a good one, too. stuart: thank you, scott. check the big board, and the bell finished ringing and when it starts ringing, the market is open and trading begins and we're going to be down. i don't know how much, probably 60 points, maybe 70, but we are going to be down in the early going. look at this, big dollars spent on-line over the thanksgiving holiday weekend. internet sales just exploded. 29% of the sales, by the way, were on mobile devices, and that's the smart phone and tablets. amazon sales up 44% yesterday. compared to last year, ebay up 32% and those st
loud that century link field actually went seismic. late in the first quarter defensive linemen michael bennett returned a fumble 22 yards, the fans cheered so loud that they're jumping up and down registered as out minor earthquake. if an earthquake wasn't enough, seahawks fans get in the guinness book of world records for a lot of clout war with the reading of 127 decibels. lori: i wonder what that experience is like, the entire stadium shakes because of your performance. adam: on the subway, people say get this thing moving. lori: something just as loud. the top picks for names this year, we will tell you who's number one for girls and boys. adam: when you don't want anyone to know your name, the apps that in procured text, photos and videos. walker's co-founder will tell us he doesn't want you to know what she looks like. >> your fox news minute. the engineers of doubt before the fatal suburban new york train accident. they're trying to determine whether faulty brakes or human error caused the derailment. four were killed and 60 injured when a train came off the tracks at a high-spe
of an air defense identification zone over the east china sea. he says the white house has legitimized the beijing attempt to subvert international aerospace while at the same time attempting, seemingly, to condemn such a move. joining us is congressman randy forbes, a member of the house judiciary and arms services committee. good to have you with us. let me turn, first, to whatever the achievement as a result of vice president biden isomacy. has there been any progress you are aware of? >> we spend a lot of time talking to our allies out there. we have several ambassadors. one of the things that we here below the radar so many times is that this administration has just not been very good at making clear their foreign policy actually is. this is a perfect example where they have conflicting reports that confuse, oftentimes, our allies. when you come to foreign policy the most important thing you can do is have complete clarity. lou: administered by japan, as you certainly know well, for decades. and it is disputed territory in the sense that there are rich natural resources offshore.
's president. one area of tension between the two nations, china's recent declaration of a new air defense zone over disputed islands in the south china sea. both the u.s. and japan have refused to recognize china's declaration. >>> it is 7:15. former santa clara county supervisor george shirikawa is scheduled to appear in court on suspicion of campaign mail fraud. he was sentenced for a year in jail for misusing public money. this afternoon, he faces an additional fell now count accused of selling illegal mailers to discredit a candidate when she ran for san jose city council in 2010. she just ran papers to file against javier campos, the man who won in 2010. the rematch will take place in the june primary for the district 5 council seat which is in san jose's east side. the illegal campaign mailers were sent to members of the vietnamese community and were designed to make her look like a communist. >>> the napa city council voted to repeal a controversial medical marijuana ordinance. three years ago, the city voted to allow a medical marijuana dispensary to open in the city. it never happened
cyclical sectors, the ones that are down. what's up, more defensive names. these are underperformed throughout the year. a little bit of rotation but not dramatically so. one thing you see on a day like today high beta names move down more. if the dow is down 1% and have a beta of two, they're usually down 2%. that's what happens. the market is behaving in a predictable manner here. those high bidding names are down a little more. >> yesterday blaming it on interest rates. >> can't do that today. >> not today. you can't. we're going to get to that in a minute. gold market had a tough session yesterday. today things are considerably quieter as we go into the close. as a matter of fact, comex gold is only down 120 on the stragds six. a double d-double digit loss yesterday. the markets have steadied out partly because of the drop in the equities market. talk about interest rates, shall we, with the bond market report and rick santelli tracking the action at the cme. and all eyes were focused on europe this morning, now they're focused here on equities. how about the interest rate scena
and did not. for example, defensive stocks leading. banks and auto weak. the challenge for professional asset allocators is not to read too much into that. not too make too much into one day's action. >> dan we're going back and forth about this earlier, but is there a first day of the month gauge, in other words, the fact we were down yesterday, the fact we're down today, does that tell you something here? >> no. i think there's a lot of statistical incision here alal insignificant. >> if you look back september 2012 first two days of the month were down and the rest of the month was up 2.4%. there's no correlation there. i expect whatever happens in december has no bearing on these first -- it's not related -- >> if it's not about, you know the timing in terms of the month, if it's not -- if we shouldn't read too much into the last couple of trading sessions, where should we look right now for guidance? >> look at what happened today? one, europe down. very hard in the morning. actually going into the close. we found out the reason for that. that was because the ft p
? >> president obama is trying to get out of the defensive crouch he's been with the struggles over the healthcare.gov website. now that the administration believes it has turned around that website, it's trying to go on offense and stalk about his economic agenda for narrowing income inequality. part of that is health care itself. part of that is investments and infrastructure and education. part of it, as the president said in the speech today at center for american progress, is a raise in the minimum wage. >> last month voters in new jersey decided to be the 20th state to raise theirs even hi high higher. that's why the d.c. council decided to do it, too. i agree with those voters. i'm going to keep pushing until we get a higher minimum wage for hard working americans across the entire country. >> note, president obama invoked new jersey, the state of governor chris christie, who may be a republican candidate for president in 2016. this is a difficult goal to accomplish because many republicans, even though the president disputes this argument, make the ar umeguments is going to
been used to get this information, they're unhappy about it, looking for change. >> the defense, though, during the beginning of the nsa surveillance leak back in june, we started hearing the beginning of this, you could actually thwart certain attacks by connecting some people and their communications and the best defense i heard you can't find a needle in a haystack without a haystack but what can you find when looking at someone's gaming you're trying to connect a bunch of different data points you, might find something interesting. if you're able to connect this gamer who is having a conversation with that gamer, maybe what they're talking about isn't the game because these games have communications capables. a lot of time people have been using back channels like that talking about something they don't want eavesdropped upon. the broader issue for business, american companies are concerned that the world won't trust them and they're looking for growth in emerging markets. when any large american company now has this suspicion cast upon them because of what the u.s. government is do
. some people lit candles and place them on the street. the organizers of the defense say it was put together last minute for facebook. >> that actor is survived by his 15 year-old daughter, metal \adow. >> lawmakers are-- >> police said one man is dead after a meeting to sail the new ps 4 game system. it happened sunday afternoon run 3:30 p.m. near the bay shore boulevard. police said that a suspects shot and robbed of the victim. the victim died as san francisco general hospital. no word on the identity of the victim. >> lawmakers are considering building a memorial park in santa rosa for slain teenager, andy lopez. sonoma county supervisors will meet tomorrow to consider. 13 year-old lopez was shot in october by a deputy while walking through his own neighborhood. the deputy told investigators that he believed that the air assault be begun that lopez was carrying was a assault rifle. >> a team of firefighters are being called heroes this morning for saving the life of an oakland toddler. the boy from oakland was visiting his great- grandmother who took the job fishing and the rock
defense zone. the week-long trip includes a voice to it the demilitarized zone between south and north korea and meetings with president of china and south korea. >>> the national zoo named the giant panda cub, bobo. the names mean treasure or precious. they announced the names as the cub turned 100 days old, following chinese traditioner. those are the news headlines on fox business network. back to tracy. tracy: when you have a child, think of that name, treasure, poor kid will get beat up in school. lauren green, thank you very much. >>> breaking news. despite disasterous start and two months of round-the-clock repair and president obama is saying healthcare.gov is significantly improved but the work is not done. really now? insurers would beg to differ. according to multiple reports they're looking for ways to bypass the website all together. joining with us a latest on all this is a reporter for "the hill." i don't know, does it take audacity or guts to come out and say we're getting there? >> that's a good question. after two months i think at love people were looking for a more
to let people know i am a great person and a sweetheart. if you cross me, i am very defensive. i like to protect my family and anyone i consider family so then you will see the harder side of me when it comes to my son and family i am such a mush. stuart: i want you to tell us how you convert your parents on reality tv, how do you convert that into real money, what are you doing? >> my sister, jennifer, the creator and executive producer of "mob wives," it is all about her for me. i have the store, my dress line, and jewelry. stuart: that is your line of clothing. it is delightful, by the way. a very specific style for you. >> it is online. hopefully it will be a store, but right now it is online. stuart: so you're branching out from the store to what else? >> i have two books. it is called how to use a meat cleaver. it is a family cookbook. charles: the question would be have you ever used a meat cleaver. >> i was inspired by a meat cleaver. to chop up a lobster, absolutely. my father's home. stuart: he was in prison. your ex-husband is in prison? >> my ex-husband is somewhere, from
? >> he might. in defense, as these acquisition play out, looks like small bore acquisition but real live sharply focused and integrated. when you look at 30,000-foot broodsome perspective on acquisitions would you you can see what he is thinking when he knit it all together who he is targeting and what company he is buying. ashley: do we get new products down road? everyone gets excited about that. >> this is interesting, siri app or a device that hooks to your car dashboard, still waiting on that. the device hooks to the dashboard tells you about restaurants from your dashboard and places to go, better mapping systems for your dashboard in your car. we're hearing that. not sure if that will pan out. tracking this developing story. ashley: fascinating. emac, thank you very much. appreciate night sure. tracy: we're talking about commuting getting more taxing. come on, now. the amount workers can stash away for pretax, transit costs cut in half by congress. we have outrage on that coming up. ashley: for train and bus riders but maybe not for motorists. it is an outrage. >>> lg flexing its
there are not that many strategic buyers. you have to look at financial buyers, and then hopefully maybe a defense contractor or somebody larger to step in. >> do with those big gains, are you willing to put principle over profit? >> i've had that question from some other people. this company is going to be worth what it is when they sell it. whilee to recognize that public companies might have gone up in value, private companies, to us, the value has not changed. we do not know what it is until they sell the company. >> but it raises tough questions for investors like you am a to 70s point. stephanie's to point. when do you say to cerberus, just get rid of it. i don't care what you get for it? say to cerberus, "just get rid of it, i don't care what you get for it?" to many teachers, so we have to look for it to perform. we will be encouraging them to sell it. we will look at all our options. cerberus knows that. we are evaluating all of our investments with them. but they cover a lot of other partners that have very different points of view. there are a lot of split points of view on this issue.
china, i've been to seven large cities in china. say in defense of frankly the chinese, the pollution is not bad across the entire country. again, having been there, i have seen some very bad solution. also seen some very clear and very beautiful cities. .t's not all bad >> i have to check it out. >> 23 and me. genetic testing firm has announced it will stop providing its main service. amid an f.d.a. regulatory review. if you remember last month the the -- demanded the company stop marketing its d.n.a. testing device. issues, 23 and me was selling a medical device intended to diagnose diseases the f.d.a.roval from that's a big no-no, even if you are married to one of the google. of not helping the company's case? well, those two divorced. and a few days ago a customer filed a $5 million class-action lawsuit against the company. that it wills still continue to provide customers with ancestry datamation and raw genetic without interpretation which is still pretty cool. ishink this company fascinating. i wish i could get my hands on a everything tested. >> can't you? >> they're not allow
plus up some defense, i know people are highly concerned about readiness in our military. and you've got to do a little giving from that standpoint. you need some real structure reform to the long-term mandatory spending programs in order for that deal to work. >> it puts it out past the 2014 election. >> that's they're talking. let's hope nobody throws a poison pill in there. >> at this point, you're from wisconsin. i see wisconsin at best a middle of the road state. i think you kind of lean left. >> i'll call it a common sense state. the government ought to live within its means. >> really? >> i think so, yeah. >> but you do, i think of it as kind of a -- isn't madison, wisconsin? >> well, it has its pockets of interesting individuals, sure. >> but from what you can tell. from what you're hearing, how is '14 going to go? at this point, if obama care continues to -- to go along the path it's going, what are -- what will 2014 look like? what will the make-up look like in the house? in the senate? >> well, again, because of the disaster of the implementation of the health care law,
posting gains. a slightly defensive tone to the market. while we have microsoft up, the doj did approve microsoft's plan acquisition of nokia's devices and services business. now it's awaiting approval from the european union. in terms of what's leading the tech index lower it's been another tough day for social media stocks. goldman stocks downgrading groupon. we're seeing high volatility in what the market likes to call momentum player. we'll keep an eye out on those names as money managers enter a period of window dressing that takes place the last couple of weeks of the year to continue to watch those stocks. >> seema thanks. a goldman downgrade on names so social media is a place to watch. >> decline of 78 points, holding steady, with 12 minutes left in the trading. wow. the time is -- it's letter than it's ever been. >> it just flies. >> it does. there are hot deals abound today, that's why bill is -- that's how bill has been spending his time. >> you noticed that. >> does cyber monday have enough heat to make our cnbc.com hot list? tdd# 1-800-345-2550 sea
signed by the china technology could undermine washington defense ties with seoul senators feinstein and menende znchts a letter from the senator expressing concerns about the selection to build a broad band net work for a unit of south carolina lg. washington has long objected expanding businesses in the u.s. this is an unusual example of u.s. politicians making an issue of the chinese companies investment offer shore. >>> wal-mart is reportedly paying lawyers more than 30 executives in the investigation. this is an unusually high number and shows the depth of the federal probe. the doj is investigating whether wal-mart paid bribes to obtain permits to open stores there. the government is also looking into possible misconduct by the retailer in brazil, china and india. the stock market has been pulling back from record levels this week with dow closing below the 16,000 level yesterday. it has people asking if the taper is returning and how important this morning's adp job report may be. joining us, bank investment manager in boston, and quantitative manager associates, ed. you think
for both domestic and defense programs, not likely to touch the hot buttons of tax increases or medicare and social security, more mundane revenue raisers, things like selling federal assets and aviation fees and on the entitlement side, hitting federal retirement but not medicare and social security. so that would be under wheming, but i know there's a lot of trader interest in that. it does appear they're going to reach that deal and it makes it much less likely we have a showdown in january that could result in another shutdown. >> that is good news, i guess you could argue for the market. the other thing, too, john, is to what degree the president continues this campaign of reselling the affordable care act, something that sounds like he's going to make it a daily occurrence from here on out. >> what he's got to do -- this is the most important program of his presidency -- is persuade people, despite all they've heard about the problems with the web site, other objections being raised by critics about privacy, about the difficulty of getting plans that they can afford after having a
:15. defense secretary chuck hagel arrived in pakistan today for meetings with the prime minister and other officials. now, the pentagon says he will focus on common threats and also the stability of it neighboring afghanistan. u.s. relations with pakistan have been strained base of u.s. drone strikes and military operations along the pakistan/afghanistan border. >>> new this morning, president obama is on his way to south africa right now to attend the memorial service for nelson mandela. president obama and first lady michelleby boarded air force one about three hours ago. also on air force one for the trip to south africa and the funeral, former president george w. bush, laura bush and former secretary of state, hillary clinton. former presidents jimmy carter and bill clinton will attend the memorial but they are traveling separately. the only living former u.s. president not going is george h.w. bush. his spokesman said the 89-year- old is not able to travel long distances. in south africa people continue to gather outside of mandela's house in johannesburg. the memorial will be held i
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